Oak’s Cliff new multifamily community, Zang Triangle, is gaining a lot of traction and interest since its grand opening about a month ago. After having an opportunity to visit the property, I left feeling impressed with its overall design and quality.
Although Zang Triangle is only blocks away from Dallas’s popular Bishop Arts District, the immediate area could benefit from retail. I certainly hope that the success of this project will entice more restaurants and retail companies to invest in the area.
Zang Triangle was developed by Lang Partners, an urban residential development company based in Dallas. It sits on a 3.3-acre, triangle-shaped parcel off on Zang Boulevard.
The property was designed with sculptures and original art on site. Other amenities include a poolside fitness club, Internet café, sports lounge with billiards, resort-style pool with panoramic views of downtown, an easy commute to downtown Dallas, and pedestrian access to Lake Cliff Park. The floorplans provide large living spaces with high ceilings, open kitchens, granite counters, and Bamboo-inspired flooring.
With Zang Triangle, Lang Partners developed the first multifamily space the area has seen in more than a decade. The City of Dallas stepped up to support the $32 million project, with $7.25 million in TIF funds. Funding also was secured through CDRC, Dallas’ foreign investment program; Lang Partners secured an additional $1.75 million through a NCTCOG sustainable grant for streetscape improvements.
This development, which brings 256 new apartment homes to the area, is a terrific example of a successful public-private partnership. Lang Partners and the others involved should be applauded and commended for their vision of Zang Triangle—and their investment in Oak Cliff.
Terrence Maiden is executive vice president-development of Corinth Properties and managing partner and CEO of The Nediam Co. Contact him at email@example.com.